Exempt markets

Listed below are the facilities that have been exempted by the Minister from the markets licensing provisions in accordance with Chapter 7 of the Corporations Act.

You can download a PDF version of the exemption instrument for each facility listed.

We will add to this list when new exemptions are approved. Exemptions are effective from the date of gazettal or at a later date specified by the Minister.

See also previous exemption instruments that have been superseded by new instruments or are no longer effective.

Exempted entityDescription of exempted activity

ASX Settlement Pty Limited

Operation of the managed investment scheme application and settlement service known as 'mFund'.

Date of gazettal 7 January 2014

BGC Brokers LP

Operation of a market in credit derivatives, foreign exchange options and interest rate derivatives.

Date of gazettal 28 August 2012

For more information go to www.bgcpartners.com

See also previous exemption notice

BrokerTec Europe Limited

Operation of a market in eligible financial products described in clause 8 of the exemption notice.

Date of gazettal 5 January 2016.

For more information go to www.brokertec.com

Creditex Brokerage LLP

Operation of a market in credit derivatives and bonds

Date of gazettal 22 February 2010

For more information go to www.creditex.com

Currenex Inc

Operation of (a) a market in spot metals, spot foreign exchange, foreign exchange derivatives and metals derivatives; and (b) a market in spot metals and spot foreign exchange.

Date of gazettal 12 April 2011

For more information go to: www.currenex.com

GFI Group Pte Ltd

Operation of a financial market in interest rate derivatives

Date of gazettal 26 July 2011

Variation of the exemption gazetted 6 January 2015, changes the number and type of products that may be traded under the exemption

ICAP Brokers Pty Ltd

Operation of the market known as ETC

Date of gazettal 2 March 2010

Variation of exemption gazetted 30 July 2013 to permit trading of corporate bonds, New Zealand government bonds, credit derivatives and interest rate derivatives.

For more information go to www.icap.com

See also previous exemption notice

MarketAxess Europe Limited

Operation of a market in securities, corporate and government bonds, and credit derivatives.

Date of gazettal 18 October 2016

For more information go to http://www.marketaxess.com/index.php

MarketAxess Corporation

Operation of a market in securities, corporate and government bonds, and credit derivatives.

Date of gazettal 18 October 2016

For more information go to http://www.marketaxess.com/index.php

OTCX Trading Limited

Operation of a market in over-the-counter interest rate and equity derivatives

Date of gazettal 4 October 2016

Variation of exemption to extend exemption cessation date to 1 January 2020

For more information go to http://www.otcxtrading.com/

State Street Bank & Trust Company

Operation of the market known as FX Connect

Date of gazettal 10 March 2004

For more information go to www.statestreet.com

SwapEx, LLC

Operation of a market in foreign exchange non-deliverable forwards

Date of gazettal 31 March 2017

Variation of exemption effective 27 June 2019 to extend the cessation date to 1 January 2020

For more information go to www.swapex.com

Tri-Optima AB

Operation of a market in credit derivatives and interest rate derivatives.

Date of gazettal 12 March 2013

Variation of exemption gazetted 10 May 2016 to permit trading of FX forwards

For more information go to www.trioptima.com

Tullett Prebon (Australia) Limited

Operation of a market in bonds and in credit derivatives Date of gazettal 18 May 2010

Variation of exemption gazetted 19 July 2011 to permit trading in interest rate derivatives and foreign exchange contracts that are foreign exchange forwards For more information go to www.tullettprebon.com

TW SEF LLC

Operation of a market in credit default swaps and interest rate swaps

Date of gazettal 31 March 2017

Variation of exemption effective 27 June 2019 to extend the cessation date to 1 January 2020.

For more information go to the TW SEF website

Various - class exemptions under s791CDescription of exempted activity

Corporations (Low Volume Financial Markets) Instrument 2016/888

Register of entities: Low volume financial markets (PDF 604 KB)

Operation of a low volume financial market for certain kinds of financial products. To be eligible for the exemption, an entity operating a low volume financial market must be included on the register for that market. See licensing relief for low volume financial markets.

Entities seeking to have their name included on the register should contact:

Manager Licensing
Registry Services & Licensing
Australian Securities & Investment Commission
PO Box 4000
Gippsland Mail Centre
Traralgon 3841
creditlicensing@asic.gov.au

 

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Last updated: 27/11/2014 12:00